BUSINESS DEVELOPMENT
World Bank survey: Cape Town is ‘fastest in issuing permits and approvals’
Joburg now performs well in registering property and getting electricity, which was an area of improvement, ease of doing business study shows
Cape Town is SA’s fastest city in terms of issuing permits and approvals, a World Bank Group study on the ease of doing business in SA has found. The Mother City, one of SA’s main economic hubs, issues construction and other permits within 88 days. The ability to obtain construction permits in Cape Town is faster than in most high-income economies, the research has found. The Western Cape accounts for about 13% of national GDP. Pilar Salgado Otónel, the World Bank Group’s programme manager for the Subnational Doing Business Unit, said this ranks Cape Town as one of the 30 fastest economies globally on this score. "But in getting electricity there is still work to be done", including in improving the quality of regulations, Salgado Otónel said. She was speaking at the launch of a World Bank Group report titled Doing Business in South Africa 2018, which compares business regulations for domestic firms in nine urban areas and four maritime ports with 189 other economies globally. The s...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.